Toyota Aggressively Pushes Their Suppliers to Follow Strict Delivery and Production

question 181

Multiple Choice

Toyota aggressively pushes their suppliers to follow strict delivery and production deadlines, corresponding to their Lean Manufacturing principles, allowing Toyota to have an efficient production line and offer high-value automobiles at cost-effective prices. This competence can give Toyota:

• A)a competitive advantage.
• B)a tactical innovation.
• C)benchmarking expertise.
• D)leapfrogging capabilities.

Understand the objectives of tort law, including compensation for damages.

Comprehend the concepts of conversion and trespass to personal property.

Grasp the importance of foreseeability and proximate cause in establishing negligence.

Recognize the legal defenses available in tort actions and how they mitigate or eliminate liability.

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Definitions:

Aggregate Demand

Total need for every type of good and service within an economic system, quantified at a specific price level and during a certain timeline.

Money Supply

The complete volume of monetary resources present in an economy at a specific moment, which comprises cash, coins, and the amounts in checking and savings accounts.

Interest Rate

The percentage charged or paid for the use of money, typically expressed as an annual percentage of the principal.

Fed

Short for the Federal Reserve System, it is the central banking system of the United States, responsible for monetary policy.